U.S. Economic News

July 2, 2019

U.S. News

The Financial Times reports that the current U.S. economic expansion has become the longest since at least 1854, surpassing the economic boom of the 1990s and more than twice as long as the average post-WWII expansion. The new record comes amid increasingly mixed global economic data that suggest even aggressive rate cuts by the Federal Reserve may not be able to keep growth on track. FT

The Wall Street Journal reports that the U.S. has increased the value of European goods being considered for tariffs to $21 billion as part of an ongoing dispute with the E.U. over domestic aircraft subsidies. Both sides are awaiting the outcome of parallel cases brought before the WTO, while the U.S. has stressed that the European aircraft subsidy dispute is separate from other ongoing trade conflicts. WSJ